• Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Workforce Rewards Cloud
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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Workforce Compensation Processing- Compensation Cycle Management
  • 1. Batch Processes
  • 2. Compensation Processes
  • 3. Refresh and Publish Data
  • 4. Plan Validation
Compensation Analytics and Reporting- Reporting and Analysis
  • 1. Audit and Monitoring
  • 2. Workforce Compensation Reports
  • 3. Compensation Analytics
Compensation Foundation- Compensation Components Setup
  • 1. Eligibility Profiles
  • 2. Compensation Objects
  • 3. Compensation Categories
Compensation Statements- Statement Configuration
  • 1. Display Components
  • 2. Statement Definitions
  • 3. Generate Compensation Statements
Individual Compensation- Awards and Compensation Management
  • 1. Individual Compensation Plans
  • 2. Awards and Spot Bonuses
  • 3. Compensation History
Workforce Compensation Plans- Plan Configuration
  • 1. Budget Setup
  • 2. Worksheet Configuration
  • 3. Column and Component Design
  • 4. Plan Access
Base Pay- Salary Administration
  • 1. Salary Basis
  • 2. Salary Components
  • 3. Manage Base Pay
  • 4. Compensation Zones
  • 5. Grade Rates

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was createdto capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.
Identify the option that willenable the DBI to return all the input variables. (Choose the best answer.)

  • A. Create status processing rules for the input values.
  • B. Create a new element from scratch.
  • C. This scenario cannot be implemented.
  • D. Delete the existing element link and create a new element link, which will automatically create all four input values.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Your customer's compensation manager needs to know, what are the four valid statuses of the compensationworksheet? (Choose four.)

  • A. Closed
  • B. Partially approved
  • C. Fully Approved
  • D. Submitted
  • E. Budget Available
  • F. Unprocessed
  • G. Started
  • H. Processed
Reveal Solution  Discussion  0

Correct Answer: C,D,E,H  🗳️

Identify the four components that can be included in a fast formula. (Choose four.)

  • A. Conditions
  • B. Comments
  • C. Assignment statements
  • D. Symbolic variables
  • E. Output statement
  • F. Input statement
Reveal Solution  Discussion  0

Correct Answer: A,B,C,F  🗳️

Identify three event-driven configurations that can be changed for the delivered variable allocation approval tasks as per business requirements. (Choose three.)

  • A. Escalationand Expiration Policies
  • B. Approval and Rejection Policies
  • C. Notification Settings
  • D. Data Driven Routing
  • E. Assignment and Routing Policies
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hireas well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)

  • A. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
  • B. Configure the spot bonus as an individual compensation plan andadd "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
  • C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
  • D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire", this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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